An app created by five Grand Canyon University students won the Smart City App Hack competition in Barcelona, Spain, last week.

Business students Luke Amargo, Chelsea Evan, Josh McGuire, Braeden Scheer and Jedidiah Woods created Storage Together. The app pairs people with storage needs with those who have extra space in their garage, storage shed or bedroom.

The students project it could save customers 40 percent off market prices for a regular storage unit.

"Storage Together is the next wave of the shared economy," said McGuire, the company's chief financial officer.

He said the concept is a "win-win scenario" that will help urban cities with limited space.

The idea first became a reality in 2015, when the beta, or test, app became available. The team says it would love to receive feedback.

The team competed against 10 other concepts/start-ups from New York City, Silicon Valley, Africa and places, winning first place in the Nov. 16 event.

“This is an entrepreneur’s dream,” team leader Luke Amargo said.

Amargo said they plan to market the app in Phoenix first and then expand to other cities, probably in Northern California.

While in Barcelona, the team networked and talked to potential partners from the United Kingdom and the United Arab Emirates.

"Our opportunity to share Storage Together on the global stage was an honor, and Luke Amargo gave it his all in a five-minute pitch that won Storage Together the international title of Best Solution in 2016," McGuire said.

The Grand Canyon University team celebrates at the Smart City Hack competition on Nov. 16, 2016.(Photo: Chelsea Evan)